Nirmal Bang Equity Multi Cap PMS: Returns, Portfolio & Fees

PMS · Equity · Multi Cap

Nirmal Bang Equity Multi Cap

Fund size₹214 Cr

IRRSince inception23.98%

1Y return35.92%

Fund age2 yrs 10 mo

Fund Manager

Manish Ostwal

Fund Manager, PMS, Nirmal bang securities

With over 17 years’ experience in equity research and fund management in Indian equity market, Mr. Ostwal follows a meticulous process to identify long-term investment opportunities by closely tracking macro-economic trends, industry outlook, business and financial analysis, competitive positioning and proprietary valuation models. His analytical skills and expertise garnered over the years helps in identifying mega trends and thematic investment opportunities.Mr. Ostwal advocates long-term wealth creation through a strong business model, competitive moats, efficient capital allocation by management and high-quality corporate governance standards. Mr. Ostwal is a Chartered Accountant with an independent thinking orientation and a firm believer of long-term investment approach.

Managing AUM₹214 Cr

Growth of₹Cr

Nirmal Bang Equity Multi Cap

Returns: How it has done

Scheme / Benchmark	YTD	1Y	2Y	3Y	5Y	Since inception
Nirmal Bang Equity Multi Cap	32.96%	35.92%	10.29%	—	—	23.98%
Nifty 500	−1.02%	4.72%	−0.11%	—	—	13.23%
Excess over benchmark	33.98%	31.20%	10.40%	—	—	10.75%

Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Aug 2026.

Risk : What you take on to earn the return

Volatility

22.87%

Benchmark approx 15.86%

A standard deviation reflecting historical swings.

Sensitivity

1.05

Beta vs benchmark 1.00 · 5% more reactive

How strongly the scheme moves with the index.

Risk-reward

1.23

Sharpe

Excess return gained per unit of volatility.

How far below its previous high it fell

Over the trailing 1Y window the scheme fell −11.95%, and recovered on 15 Apr 2026.

Max drawdowns

−11.95%

Scheme Drawdown Trajectory

Drawdown analysis	Peak	Trough	Depth	Fell over	Recovered	Recovery took
Scheme	–	–	−11.95%	–	15 Apr 2026	–
Benchmark	01 Sep 2025	30 Mar 2026	−14.69%	210 days	–	–

Scheme

Peak–

Trough–

Depth−11.95%

Fell over–

Recovered15 Apr 2026

Recovery took–

Benchmark

Peak01 Sep 2025

Trough30 Mar 2026

Depth−14.69%

Fell over210 days

Recovered–

Recovery took–

The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 1Y window · As on 31 Aug 2026

Portfolio Details : Where the money actually sits

Asset class

Equity

Top 5 holdings

Kovai Medical Center & Hospital Ltd5.84%

Kaynes Technology India Ltd5.42%

Trent Ltd5.05%

Vishal Mega Mart Ltd4.93%

Nuvama Wealth Management Ltd4.82%

Fees

VariablePlan A · Shared upside

Fixed Management Fee2.00% / yr

Performance Fee10% of profit

Hurdle RateAbove 10%

Exit load 1.00% within 1 year, nil after 2 years. Lock-in: Nil.

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